In a surprising announcement, Tesla CEO Elon Musk is “thinking of” leaving his jobs and becoming an influencer.
“Thinking of quitting my jobs & becoming an influencer full-time wdyt,” Musk said in the tweet last Thursday.
“It would be nice to have a bit more free time on my hands as opposed to just working day and night, from when I wake up to when I go to sleep 7 days a week. Pretty intense,” he stressed.
However, Musk who is also the founder and CEO of rocket company SpaceX, and leads brain-chip start-up Neuralink and infrastructure firm The Boring Company, said during a conference call in January that he expects to be the CEO of Tesla for “several years.”
The billionaire is known for his Twitter chitchat and interactions with followers which have in the past raised regulatory and corporate governance questions, lawyers said.
This led Musk to be fined $20 million by the U.S. Securities and Exchange Commission for tweets in 2018 and was required to step down as chairman.
On his side, Howard Fischer, a partner at law firm Moses & Singer, said he doubted Musk’s latest tweets violated any rules because they were too vague.
He added: “I think that Musk’s social media comments are subject to a substantial discount, as it were, by the market, as compared to other executives.”
A month ago, and after conducting a poll on Twitter asking users whether he should sell 10 percent of his stocks, Musk sold 900,000 shares of Tela’s stock, earning over $1.1 billion.
This move was done to pay tax obligations for stock options. The company that is managing his businesses sold earlier in the week nearly 3.6 million shares in Tesla, worth around $4 billion.